Lakeland Breach of Contract Attorneys
The majority of businesses in Lakeland, Florida and surrounding areas are bound by one or more contracts. These contracts create obligations to certain parties, and may set forth the terms for a business type, profit share, product delivery, and dozens of other things. Contracts are so common that many businesses enter into at least one contract per week, if not more.
While contracts set forth terms of operation and duties for parties, things can become complicated when a contract is breached. When a breach of contract occurs and your business becomes involved in a dispute, having an experienced Lakeland breach of contract attorney on your side is essential.
Types of Contracts and Contract Breaches
A contract may be oral, written, or implied. Typically, a written contract holds the most weight, assuming it was entered into in a manner that was valid (one party was not coerced into signing the contract, for example). However, in some cases, oral and implied contracts also have leverage, and a breach of these contract types can result in legal action.
There are two primary types of contract breaches: an anticipatory breach and a material breach. A material breach is often considered to be the more serious of the two, as it refers to a breach of contract that is so egregious that it defeats the purpose of even creating the contract in the first place. In most instances of material breach, the default party must remedy the situation by fulfilling obligations named in the contract. The other party may also be entitled to compensation for their losses depending upon the details of the situation.
An anticipatory breach, on the other hand, is exactly what it sounds like – rather than breaching the contract by refusing to fill obligations named in the contract by the contract’s date, an anticipatory breach occurs when one party anticipates that they will not be able to fulfill the duty, and makes this known to the other party before the scheduled deadline.
The Importance of an Experienced Breach of Contract Attorney
Whether your businesses has been implicated in a breach of contract allegation, or are asserting that another party breached a contract you hold, having an experienced breach of contract attorney on your side is essential. The breach of a contract can result in civil penalties, which can damage a business’s reputation and financial standing. Further, a breach of contract claim can also be time consuming, especially if litigation is necessary. Without a thorough understanding of contract law, comprehending duties, responsibilities, and rights regarding a contract can be overwhelming, and you may be putting the future of your business in jeopardy.
Contact Our Lakeland Breach of Contract & Business Law Attorneys Today
Serving clients in Lakeland, the contract attorneys at the law firm of Mank & Mank, PLLC take a unique approach to breach of contract claims. We are experienced handling a wide range of breach of contract issues, including representing businesses in workers’ compensation premium disputes with their insurance carriers. With few overhead costs, we keep things inexpensive for you while providing skilled breach of contract resolution services. Call our offices today to learn more about how we can help you at 863-808-1344.